Seabury Park CLO DAC: 12 July 2026
The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone Ireland Limited.
On 8 July 2026 (the Issue Date) the Issuer will, subject to certain conditions, issue Class X Senior Secured Floating Rate Notes due 2040, Class A Senior Secured Floating Rate Notes due 2040, Class B Senior Secured Floating Rate Notes due 2040, Class C Senior Secured Deferrable Floating Rate Notes due 2040, Class D Senior Secured Deferrable Floating Rate Notes due 2040, Class E Senior Secured Deferrable Floating Rate Notes due 2040, Class F Senior Secured Deferrable Floating Rate Notes due 2040 and Subordinated Notes due 2040.
Eligibility criteria: please see the relevant sections in the Prospectus (available via www.euroabs.com).
The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations (including the Issue Date BCM Assets, the Secured SPV Participation Assets and those purchased pursuant to the Warehouse Arrangements) representing approximately 99.0% of the Target Par Amount.
EU Risk Retention: On the Issue Date, Blackstone CLO Management LLC (“BCM”) will undertake that it will purchase and retain certain of the Notes with the intention of complying with the Retention Requirements as they apply as at the Issue Date.
US Risk Retention: BCM will retain certain of the Notes in order to satisfy the US Risk Retention Rules, however there can be no assurance that the US Risk Retention Rules will apply to this transaction, nor that the undertakings given by BCM in the Retention Undertaking Letter, even if complied with, will be sufficient to satisfy the Retention Requirements, nor that BCM will continue to hold such Notes on any future date in accordance with its obligations under the Retention Undertaking Letter or for the purpose of satisfying the US Risk Retention Rules.